Tag: Volvo

‘We have a three-pronged strategy for sustainable mobility’: Volvo Group’s Maria Ebbesson

Sweden’s Volvo Group is making a strong move towards sustainable mobility, with a clear focus to offer a completely fossil fuel free product portfolio by 2040. As a result, with a 10-year average product lifecycle of heavy commercial vehicles (trucks and buses), the company envisions achieving fossil-fuel free products in the market by 2050.  According… Continue reading ‘We have a three-pronged strategy for sustainable mobility’: Volvo Group’s Maria Ebbesson

Electric Trucks Market to Grow by USD 20.32 Billion (2024-2028), Driven by Demand for Fuel-Efficient, Low-Emission Vehicles, Report Highlights AI’s Role – Technavio

NEW YORK, Nov. 14, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global electric trucks market size is estimated to grow by USD 20.32 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  35.44%  during the forecast period. Growing demand for fuel-efficient and low-emission vehicles is… Continue reading Electric Trucks Market to Grow by USD 20.32 Billion (2024-2028), Driven by Demand for Fuel-Efficient, Low-Emission Vehicles, Report Highlights AI’s Role – Technavio

Software and maintenance—the keys to making fleet EV charging work?

EO Charging provides a turnkey service for vehicle fleets, including all the hardware, software and service elements of the electrification stack. President and Chief Commercial Officer John Walsh told us that the software and maintenance layers of the stack are the keys to charger reliability. Fleets often overestimate the amount of power they’ll need to… Continue reading Software and maintenance—the keys to making fleet EV charging work?

Volvo Group Capital Markets Day – Gearing up for growth

GOTHENBURG, Sweden, Nov. 14, 2024 /PRNewswire/ — Today, November 14, 2024, the Volvo Group held its Capital Markets Day at the Volvo Trucks Customer Center in New River Valley, Virginia, USA. At the event, President and CEO Martin Lundstedt together with Group Management presented the strategic direction to improve the Group’s performance and to strengthen earnings… Continue reading Volvo Group Capital Markets Day – Gearing up for growth

Automotive Grade Linux Launches New Expert Group Led by Toyota to Help Automakers Manage Open Source Activities

New Open Source Program Office Expert Group enables automakers and suppliers to share best practices, making it easier for engineers across the industry to contribute to open source software SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ — Automotive Grade Linux (AGL), a collaborative cross-industry effort developing an open source platform for Software-Defined Vehicles (SDVs), has created a… Continue reading Automotive Grade Linux Launches New Expert Group Led by Toyota to Help Automakers Manage Open Source Activities

Mushin Innovative Labs raises Rs 2 Cr in Seed Funding Led by inflection point ventures

Mushin Innovative Labs has raised Rs 2cr in a Seed Series funding round led by Inflection Point Ventures. Mushin plans to use the funds to expand its sales and marketing efforts, accelerate research and development, and drive product innovation. This focus aims to help the company enhance its market presence, improve its product offerings, and… Continue reading Mushin Innovative Labs raises Rs 2 Cr in Seed Funding Led by inflection point ventures

Audi India begins bookings for New Q7 SUV ahead of November launch

Audi India has announced the opening of bookings for its new Audi Q7 model, available with an initial booking fee of INR 2,00,000. Customers can reserve their vehicle through the Audi India website or the ‘myAudi connect’ app. The Audi Q7, locally assembled at the SAVWIPL plant in Aurangabad, is scheduled for its official launch… Continue reading Audi India begins bookings for New Q7 SUV ahead of November launch

Eicher Motors Q2FY25 earnings: Consol net profit grows 8% on year

Eicher Motors Ltd on Wednesday posted 8% growth in its net profit for the second quarter on a year-on-year basis despite weakness in Royal Enfield sales volumes. The company clocked a net profit of Rs 1,100.3 crore as consolidated net profit for the quarter, up from Rs 1,016.3 crore in the year-ago period. Eicher Motors… Continue reading Eicher Motors Q2FY25 earnings: Consol net profit grows 8% on year